Wall St higher as investors shrug off UK election impact

Steve Blitz, chief US economist at TS Lombard in New York, said: "The UK election is a UK event and there is no direct economic impact from that on the U.S. economy. Investors are more concerned about Trump and the perception of what he can and can't get passed legislatively in regards to tax reform. The last thing the Republicans want to do is head to the mid-term election in 2018 without any major legislative accomplishments."